Fabrice Tourre Liable in Mortgage Fraud Case

A New York City jury found former Goldman Sachs bond Fabrice Tourre liable on six of seven counts of defrauding investors in a case brought by federal regulators in response to the 2007 mortgage crisis that helped push the country into recession. Tourre, a French-born Stanford graduate was described by Securities and Exchange Commission lawyers as the face of “Wall Street greed,” his lawyers say he’s being portrayed as a scapegoat.

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